In New Zealand dollar terms, the index lifted 0.3% m/m as the NZD Trade Weighted Index rose 1.4% in June.
As part of the report are comments from ANZ on shipping prices:
Global shipping prices continued to firm over the month, particularlyimpacting bulky low-value goods such as logs. Global shipping routesremain subject to disruption. Ships are being forced to wait to unload due tocongestion at some international ports, containers are in tight supply, andthere are more sailings being cancelled. Thus far, there have not beensignificant disruptions to New Zealand exports and imports.
This article was written by Eamonn Sheridan at www.forexlive.com.
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